HomeBuilder proves a successful dud policy

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The Morrison Government’s HomeBuilder policy has hit the right note with Housing Industry Association (HIA), driving up new home sales:

“With two months of data since the introduction of the Australian Government’s HomeBuilder scheme it is increasingly clear that HomeBuilder has arrested the decline in New Home Sales and will protect jobs in the sector into 2021,” commented HIA Chief Economist, Tim Reardon.

“Housing data has been ricocheting through the COVID-19 period.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.